How to begin?
I've been a professional poker player for the last 6 years now. It's treated me well and it's been a dream come true. Keeping my own hours, working for myself, and living a fun lifestyle in Vegas... why would I want to change this?
Well, the landscape of poker is changing. The games are becoming much harder to beat, the government is cracking down (online which is mostly where I play), and frankly I swear women run away from me when I tell them what I do.
I realized I shouldn't have all my eggs in this one basket. It may not be here forever. But I have no college degree and not much work experience. Where to go?
I was sitting at home thinking about this when Dean came on. I was already in agreement with him that THIS IS THE TIME to invest in real estate. Especially the Las Vegas area which has been crippled by foreclosures. I knew then would I would do.
I ordered the books, I'm reading through them a second time now. I'm a member of the Real Estate Success Academy. I'm excited. Ready to get my feet wet. I know I can "think a little different" because that's how I started my current occupation.
I'm not sure if real estate will replace poker for me or just add to it. I will certainly continue to play cards for income over the next year or two. I don't see why I can't do both.
My main goal for real estate now is to buy and hold, build cash flow, then sell when the market returns. The academy wants me to do assigns to start, which I will. (Plus I just think it would be super sexy to have a buyer's list. What a formidable weapon.)
I spent the last few days researching LLCs and s-corps. It makes my head want to explode. I've decided I've got to stop being hesitant and decide. LLC it is.
Now if only I could figure out a name!
I plan on writing quite a bit on here. Not daily but weekly. I had a poker journal that I've kept for 4 years so I know how it goes. These journals keep me motivated. If anyone wants the link to the other journal feel free to private message me.
ANYWAY, lol, I think you guys are great. I've been browsing through the forum the last few days and picking up quite a few nuggets. I only hope I can retain it all. Thanks for all the hard work answering questions and helping dreams stay alive! I hope to be able to help the community some day as well.